CronexTaichi Forex Indicator is a moving average based trading indicator. Four moving averages of different lengths are used in this indicator. The most appealing part is it draws line ahead where the market is likely to move. It’s rare to see such kinds of trading indicators which forecasts the future path of the market. Since it’s a moving average based forex trading indicator, it is a trend following indicator. The proven way to make money is by catching the trend at its early phase and exiting as soon as the market reverses.
When you install CronexTaichi Indicator in your trading platform, your chart should look like this:
This indicator is nothing more than a group of four moving averages. The simplest way to trade with this indicator is by buying when the market is above all these moving averages and selling when the market is below all these moving averages. That’s all! But you should be careful with the general direction of the market. You can’t afford to go against the trend of the market, trend is your friend after all.
Buying Conditions Using CronexTaichi Indicator.
– Market should be up trending.
– Market should cross above all the moving averages.
– Place your long position as soon as above conditions are met.
– Place your stop loss just below the recent swing low.
– Take your profit when the market crosses below all the moving averages.
Selling Conditions Using CronexTaichi Indicator.
– Market should be down trending.
– Market should cross below all the moving averages.
– Place your short position as soon as above conditions are met.
– Place your stop loss just above the recent swing high.
– Take your profit when the market crosses above all the moving averages.
Forex Indicators Download – Instructions
CronexTaichi Forex Indicator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
CronexTaichi Forex Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
Do the same with template file (.tpl), if there is any, at File/Open Data Folder/templates.
How to install CronexTaichi Forex Indicator.mq4?
- Download CronexTaichi Forex Indicator.mq4
- Copy CronexTaichi Forex Indicator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on CronexTaichi Forex Indicator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator CronexTaichi Forex Indicator.mq4 is available on your Chart
How to remove CronexTaichi Forex Indicator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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